The Pound

[AtW]

It's painful to have your shortcomings exposed isn't it?

No, I don't have problem with that.

[bogeyman]

I did better - added you to ignore list.

That quite made my day

[Churchill]

It's painful to have your shortcomings exposed isn't it?

A word from the wise, you're only exposing your own shortcomings.

You're quite an unpleasant individual really, aren't you?

[sasguru]

A word from the wise, you're only exposing your own shortcomings.

You're quite an unpleasant individual really, aren't you?

Small willy jibe still rankles, eh?
Sorry if I touched a nerve.

[Francko]

That sentence in my view imlpied that somehow people who live in Europe and earn in euros will be tempted to go to the UK to buy houses here because somehow price in euros is cheaper. And? Most people in Europe don't even buy houses - they rent them, and they certainly would not want to buy one in the UK whatever the euro rate is.

Hey Mr Doctor of Economics? What do you think most of the wealth of this country is based on? Manufacturing? Sport? IT?

London is the hotspot for rich people all over the world as a safe haven to do business and invest your money in a safe way. If the pound is falling that has a tremendous impact for all the UK economy. Do you think these rich boys like to trade in a currency whose value decreases every day?

Also a big success of London is due to the attraction of the most brilliant people on the planet. Many of them will decline to other parts of the world if the pounds is reducing their margin and making the place less competitive (pretty much what this has happened already). Of course, this does not apply to benefits scrounging or parasistes living off family wealth but unfortunately those will not be of any help to the UK economy.

[threaded]

Pot, kettle, hmm the rest: that's rascalist isn't it.

[Churchill]

Small willy jibe still rankles, eh?
Sorry if I touched a nerve.

Your humour is becoming as desperate as ShaunBhoys. Are you taking lessons?

I note the presence of the smiley with amusement.

[sasguru]

atw you need some lessons in epistemological issues.

HTH

[AtW]

Hey Mr Doctor of Economics? What do you think most of the wealth of this country is based on? Manufacturing? Sport? IT?

Bulltulip.

It is sad for me to see the birthplace of industrial revolution to outsource all that to 3rd world countries - even now Tata is buying best known UK car marques, hecks, Germans bought Rolls Royce and Bentley.

According to sadguru this is all fine. But USA, Japan and especially Germany managed to keep a lot of manufacturing - even when they don't manufacture they actually DESIGN stuff, where as the UK has to import it.

London is the hotspot for rich people all over the world as a safe haven to do business and invest your money in a safe way.

Yes and lax tax laws for non-doms were a big part of it. This is changing now and countries are calling bluff on the bulltulip of the West so now after dust settles down I don't think there will even be City to speak of - tourism should remain viable for some time though, at least until the next big London fire.

Also a big success of London is due to the attraction of the most brilliant people on the planet.

What exactly these peopla re doing? Conducting cancer research? Designing new processors? Making new energy research? Finding cheap ways to deal with bubble gum crap on streets? No - they are there to engage in complex gambles with derivaties, which is hardly brillian - totally foolish.

[AtW]

Also a big success of London is due to the attraction of the most brilliant people on the planet.

I notice you are not in London Franko